Colombia flag carrier Avianca is open to investor opportunities to help it grow when Brazil’s economic conditions improve, Avianca Brasil CEO Jose Efromovich told ATW.
Paris Orly-based long-haul, low-cost startup French Blue has taken delivery of its first aircraft, a new Airbus A330-300, and is aiming to launch operations on Sept. 10.
Russia’s Federal Air Transport Agency, Rosaviatsia, has canceled the air operator’s certificate (AOC) of Aeroflot Group subsidiary Orenair from May 26.
African low-cost carrier (LCC) fastjet narrowed its net losses in 2015, recording a deficit of $16.9 million compared to its $58.5 million loss a year earlier.
IATA’s incoming chief pledged to continue driving forward key global airline initiatives and to be a “tireless advocate” for the industry in remarks after he was officially confirmed as the association’s next director general and CEO.
Japan Airlines (JAL) will continue to follow a conservative growth strategy, even after expansion restrictions are removed by regulators, according to chairman Masaru Onishi.
China’s HNA Group is continuing its flurry of airline and aviation acquisitions, entering exclusive talks to buy 49.99% of Air France’s Servair catering arm.
Russian airlines carried 5.96 million passengers in January-April 2016, down 6.4% year-over-year (YOY). International traffic is down 24.2% to 2.06 million, while domestic traffic is up 6.8% to 3.9 million.
BOC Aviation is expecting to raise approximately HK$4.2 billion ($547 million) when it completes its listing on the Hong Kong stock exchange on June 1.
European carriers are bracing for further disruption, as France’s air traffic controllers plan another walkout which threatens to be the worst of 2016.
Japanese major All Nippon Airways (ANA) has finalized its agreement to take an 8.8% stake in Vietnamese flag carrier Vietnam Airlines, worth VND2.43 trillion ($109 million).
